February 05, 2007

The February newsletter came out at the end of the day on Thursday, and I've already heard from a few of you regarding my suggestion for a Manager Rankings Portfolio. If you haven't already, log onto the Fidelity Investor website,

Correlation Tool

You don't want to own too many funds that are similar, but how do you tell? A high correlation between funds may mean that your portfolio of funds is not as diverse as you might want it to be. While other tools may compare funds only to the S&P 500, you can use this tool to determine how closely the performance of one Fidelity stock fund tracks that of any other Fidelity stock fund.